Fundraising Fox

Kohlberg Kravis Roberts

Private equityoperating company · company profile

New York · Growth–Late Stage · 24 people tracked

Also known as FS/KKR ADVISOR, LLC · KKR ALTERNATIVE INVESTMENT MANAGEMENT UNLIMITED COMPANY · Kkr Credit Advisors (Singapore) Pte. Ltd. · Kkr Credit Advisors (Us) Llc · KKR Japan Limited · Kkr Registered Advisor Llc

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Investment thesis

KKR aims to serve clients by offering a broad menu of investment options and capabilities. Through strategic partnerships, it gains access to expertise in investment management for individual investors, life sciences innovation, and long-short equity strategies. Partners include Capital Group (broadening access to private markets via public-private investment solutions), Catalio Capital Management (biomedical technology and healthcare), and Marshall Wace (alternative investment management specializing in long-short equity).

Source: firm website, verified Aug 25, 2026.

Stage
Growth–Late Stage
HQ
New York, NY, US
Instruments
Equity
Founded
1976
AUM
$16.1B
Tracked investments
20

Team · 24 people

from the firm's website & curated & public directories
Javier Justiniano· Director

Director on KKR's Capstone team, based in New York.

Joseph Bae· Co-Chief Executive Officer

Co-Chief Executive Officer of KKR.

Julia Giese· Director

Director on KKR's Infrastructure team, based in Frankfurt.

Kathryn Sudol· Chief Legal Officer and General Counsel

Chief Legal Officer and General Counsel of KKR.

Ken Matsumura· Managing Director

Managing Director on KKR's Private Equity team, based in Tokyo.

Robert Lewin· Chief Financial Officer

Chief Financial Officer of KKR.

Scott Nuttall· Co-Chief Executive Officer

Co-Chief Executive Officer of KKR.

Victoria Yuanin

What they invest in

from 11 of 20 portfolio companies

AI & Machine Learning ×4Enterprise Software ×4SaaS ×3Cleantech ×2Climate Tech ×2Energy ×2Marketplaces ×2Advanced Manufacturing ×1

HQs:United States×4Australia×2Canada×1France×1United Kingdom×1

Investments · 20 tracked

founders shown can be your intro path
+Simple

Digital insurance platform for SMEs and independents.

Co-investorsMundi VenturesOneRagtime

1-800 Contacts, Inc.

Leading online destination for contact lenses

Co-investorsAea Investors

123Dentist123dentist.comin

123Dentist operates a network of neighbourhood dental clinics across Canada, offering services from routine cleanings and checkups to orthodontics, dental implants, teeth whitening, emergency care, and children's dentistry.

HealthtechMarketplacesVancouver, CA

Dr. Amin Shivji(Founder & Executive Chairman)

1800 Contacts1800contacts.com

Co-investorsAea InvestorsFenwayLeonard Green

A-Gasagas.comin𝕏

A-Gas supplies and manages the lifecycle of refrigerants, providing recovery, reclamation, and repurposing services for the refrigeration and air conditioning industry.

Circular EconomyCleantechClimate Tech

Co-investorsLDC

Accuris

Aggregator of standards content and provider of related search and workflow tools

Accuristechaccuristech.comin𝕏

Accuris provides a searchable library of over 2.8 million engineering standards, regulations, and parts data, delivered through two platforms for engineering and supply chain intelligence.

Advanced ManufacturingEnterprise SoftwareSaaSDenver, US

Adopt A Cow

Fast-growing direct-to-consumer premium dairy brand in China

Advanced Navigationadvancednavigation.comin

Advanced Navigation develops navigation and positioning systems using inertial, photonic, and quantum sensing technologies for autonomous systems across defense, space, climate science, and commercial applications.

AI & Machine LearningDeep TechDefense TechIoTRoboticsSpace Tech

Chris Shaw(Founder & CEO)in

Co-investorsAirTree VenturesAlpha Intelligence CapitalBrick Mortar VenturesIn-Q-TelMain Sequence VenturesOIF Ventures+2 more

Advanta Seedsadvantaseeds.comin

Advanta Seeds is an agricultural seeds company operating through Advanta Enterprises Limited, providing crop seed products.

AgTechFoodTechSouthern Queensland, AU

AEP Transmissionaeptransmission.comin𝕏

American Electric Power operates and maintains one of the largest electric transmission grids in the United States, providing infrastructure that delivers power to homes and businesses while emphasizing environmental stewardship and reliability.

Energy

Agiloftagiloft.cominAug 2020

Agiloft offers a Contract Lifecycle Management (CLM) and contracts AI platform that centralizes, automates, and governs the contract process from request and negotiation through execution, obligation tracking, and renewal.

AI & Machine LearningEnterprise SoftwareLegalTechRedwood City, US

Colin Earl(Executive Officer, Director)Eric Laughlin(CEO)inJohn Pechacek(CTO)inNicole Milstead(Chief Marketing Officer)inAngel Lange(Finance Leader (CFO))inJoe Yurich(Chief Revenue Officer)in

Co-investorsFTV CapitalJMI EquityLegalTech

aiwynaiwyn.aiin

Aiwyn provides software solutions for professional services firms, including payments, practice management, billing, and tax functionality to streamline operations and improve client experience.

AI & Machine LearningEnterprise SoftwareSaaS

Pat Morrell(Founder)in

Co-investorsBessemer Venture PartnersCerity Partners VenturesCreativeCoMerian VenturesRelevance VenturesRevolution

Albiomaalbioma.comin𝕏

Albioma is an independent renewable energy producer operating biomass, solar, and geothermal power plants across multiple countries.

CleantechClimate TechEnergy

Alchemeralchemer.com
Altitude Aircraft Leasing

Global aircraft leasing partnership with diverse and global customer base under long-term, take-or-pay lease structures

Arctosacquired by Kkr

Institutional investor in professional sports franchise stakes and provider of asset management solutions; acquired by KKR.

Aviv Groupaviv-group.comin

AVIV Group is a digital real estate technology company operating a family of online property marketplaces and related services for consumers buying, selling, renting, or financing properties.

ConsumerMarketplacesPropTech

Co-investorsCPP Investments

Integrisonetrust.comin𝕏Acquired

OneTrust provides a governance platform for privacy, risk, data, and compliance across organizations' technology stacks.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaSAtlanta, US

Alan J. Dabbiere(Manager)John Marshall(Manager)Kristina Bergman(Founder)inKabir Barday(Founder)in

BoardRichard Wells(Manager)inDavid K. Dabbiere(Manager)

Co-investorsAcrew CapitalAdams Street PartnersAmplify PartnersAspect VenturesBitkraft Esports VenturesBlackRock+19 more

Plussimpleplussimple.fr

Co-investorsMundi VenturesOneRagtime

Exits · 1

IPOs and acquisitions across the tracked portfolio

Arctosacq. by Kkr

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 98

as of Mar 2025
FundVintageCommittedNet IRRTVPIDPI
KKR North America Fund XIVLPs: Empire State Development – New York Ventures, Minnesota State Board of Investment, Oregon Public Employees Retirement System +4 more20250.00x
KKR Asset Based Finance Partners IILPs: South Carolina Retirement System Investment Commission20240.0%
KKR Global Infrastructure Investors VLPs: Minnesota State Board of Investment, Hawaii Employees' Retirement System, Michigan Municipal Employees' Retirement System +2 more20241.02x0.03x
KKR Ascendant StrategyLPs: Minnesota State Board of Investment2023-2.2%0.98x0.01x
KKR Global Impact Fund II SCSpLPs: Washington State Investment Board2023-5.9%0.90x0.00x
KKR Scissor TailLPs: Teachers' Retirement System of Oklahoma20231.18x0.02x
KKR European Fund VI (USD) SCSpLPs: Washington State Investment Board, Minnesota State Board of Investment, Teachers' Retirement System of the City of New York +4 more2022-2.4%0.97x0.00x
KKR Lending Partners IVLPs: South Carolina Retirement System Investment Commission202210.9%
KKR ABF PartnersLPs: South Carolina Retirement System Investment Commission202113.3%
KKR Americas Fund XIIILPs: Oregon Public Employees Retirement System, New York City Police Pension Fund, Chicago Teachers' Pension Fund +1 more202111.4%1.24x0.02x
KKR Asia IVLPs: Northern LGPS, South Carolina Retirement System Investment Commission20211.57x0.27x
KKR Diversified Core Infrastructure Fund L.P.LPs: Maine Public Employees Retirement System, Hawaii Employees' Retirement System, Employees' Retirement System of Rhode Island20217.3%1.18x0.11x
KKR GLobal Infrastructure Fund IV, (USD) SCSpLPs: Empire State Development – New York Ventures20211.22x0.07x
KKR Global Infrastructure Investors IV (USD)LPs: New York City Fire Department Pension Fund20217.3%1.20x0.07x
KKR MN Partnership L.P.LPs: Minnesota State Board of Investment20219.0%1.27x0.02x
KKR North America Fund XIIILPs: Washington State Investment Board, California Public Employees' Retirement System, Empire State Development – New York Ventures +10 more202110.0%1.22x0.02x
KKR Real Estate Partners Americas IIILPs: Minnesota State Board of Investment, New York City Fire Department Pension Fund, New York City Board of Education Retirement System20212.7%1.07x0.15x
KKR Real Estate Partners EuropeLPs: New York City Fire Department Pension Fund20214.00x
KKR Real Estate Securities Dislocation Opport nity Co-Investment FundLPs: New York City Fire Department Pension Fund202113.00x
KKR Asian Fund IVLPs: Washington State Investment Board, Empire State Development – New York Ventures, California Public Employees' Retirement System +8 more202016.3%1.44x0.30x
KKR Enterprise Co-Invest AIV ALPs: Maine Public Employees Retirement System2019-10.1%0.91x0.88x
KKR European Fund V (USD)LPs: Washington State Investment Board, California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System +4 more201910.7%1.40x0.46x
KKR European Fund V, L.P. - USDLPs: Washington State Investment Board, Teachers' Retirement System of the City of New York201910.7%1.40x0.46x
KKR Real Estate Partners Europe IILPs: Maine Public Employees Retirement System, New York City Fire Department Pension Fund20191.3%1.03x0.27x
KKR Americas Fd XIILPs: Chicago Teachers' Pension Fund201819.4%2.16x0.91x
KKR Asian Fund III-EEA SCSp LPLPs: Florida State Board of Administration, Richard King Mellon Foundation201819.1%1.98x0.85x
KKR Asian Fund III, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, Oregon Public Employees Retirement System +4 more201818.0%1.98x1.02x
KKR Enterprise Co-InvestLPs: Maine Public Employees Retirement System2018-100.0%
KKR EUROPE VLPs: Minnesota State Board of Investment, New York City Board of Education Retirement System20189.9%1.42x0.46x
KKR Global Impact Fund SCSpLPs: Empire State Development – New York Ventures20181.63x0.45x
KKR Global Infrastructure Investors IIILPs: Empire State Development – New York Ventures, Minnesota State Board of Investment, Maine Public Employees Retirement System +2 more201810.5%1.45x0.76x
KKR Infrastructure Investors Fund III, LPLPs: Empire State Development – New York Ventures20181.44x0.31x
KKR Sigma AggregatorLPs: Maine Public Employees Retirement System20184.8%1.41x
KKR Americas Fund XIILPs: New York City Employees' Retirement System, New York City Police Pension Fund201722.6%2.41x1.07x
KKR Byzantium Infrastructure AggregatorLPs: Maine Public Employees Retirement System20178.9%1.61x0.90x
KKR CMBS B-Piece SMALPs: New York City Fire Department Pension Fund201712.00x
KKR Lending Partners III L.P.LPs: Minnesota State Board of Investment, South Carolina Retirement System Investment Commission201712.4%1.26x1.09x
KKR Taurus Co-Invest IILPs: Maine Public Employees Retirement System201721.3%2.31x2.27x
NYCRS-KKR CMBS Retention PartnersLPs: New York City Board of Education Retirement System20176.8%1.21x0.29x
KKR Americas XIILPs: Washington State Investment Board, Empire State Development – New York Ventures, Oregon Public Employees Retirement System +10 more201618.7%2.18x1.03x
KKR Americas XII PELPs: Maine Public Employees Retirement System201641.9%2.05x0.12x
KKR Element Co-InvestLPs: Maine Public Employees Retirement System201623.5%2.39x
KKR North America Fund XI (Platinum)LPs: Maine Public Employees Retirement System2016-98.0%0.29x
KKR Real Estate Partners Americas IILPs: Maine Public Employees Retirement System, Hawaii Employees' Retirement System, New York City Fire Department Pension Fund +1 more201617.4%1.34x1.22x
KKR Real Estate Partners Americas II RELPs: Maine Public Employees Retirement System201615.9%1.20x0.35x
KKR European Fund IV, L.P.LPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System201514.9%1.80x1.24x
KKR Lending Partners II L.P.LPs: Minnesota State Board of Investment, Michigan Municipal Employees' Retirement System20151.4%1.03x1.02x
KKR Real Estate Partners Europe ILPs: Maine Public Employees Retirement System20158.6%1.29x1.06x
KKR Real Estate Partners Europe I RELPs: Maine Public Employees Retirement System201510.5%1.26x0.56x
KKR Atlanta Co-InvestLPs: Maine Public Employees Retirement System20145.7%1.33x
KKR Global Infrastructure Investors IILPs: Empire State Development – New York Ventures, Maine Public Employees Retirement System, Hawaii Employees' Retirement System +2 more201416.7%1.80x1.55x
KKR Global Infrastructure Investors IVLPs: Michigan Municipal Employees' Retirement System, Minnesota State Board of Investment, Hawaii Employees' Retirement System +1 more20149.3%1.23x0.11x
KKR Special Situations Fund IILPs: Maine Public Employees Retirement System, Richard King Mellon Foundation2014-0.9%0.98x0.85x
KKR Special Situations Fund II PELPs: Maine Public Employees Retirement System20145.1%1.11x0.61x
KKR Asian Fund II LPLPs: Washington State Investment Board, California Public Employees' Retirement System, Oregon Public Employees Retirement System +3 more2013-1.1%1.00x0.82x
KKR North America Fund XI, L.P. - Second CommitmentLPs: Washington State Investment Board201319.3%2.30x1.96x
KKR Real Estate Partners Americas ILPs: Maine Public Employees Retirement System201310.5%1.22x1.22x
KKR Real Estate Partners Americas I RELPs: Maine Public Employees Retirement System201311.2%1.24x1.17x
KKR North America Fund XI, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, California State Teachers' Retirement System +2 more201219.4%2.09x1.96x
KKR North American Fund XILPs: Maine Public Employees Retirement System201218.8%1.88x1.68x
KKR North American Fund XI PELPs: Maine Public Employees Retirement System201219.0%1.81x1.24x
KKR Special Situations FundLPs: Maine Public Employees Retirement System2012-3.6%0.90x0.87x
KKR Special Situations Fund PELPs: Maine Public Employees Retirement System2012-1.9%0.95x0.78x
KKR China Growth FundLPs: Empire State Development – New York Ventures, Michigan Municipal Employees' Retirement System20101.05x1.01x
KKR China Growth Fund, LP*LPs: Empire State Development – New York Ventures20101.05x1.05x
KKR Global Infrastructure InvestorsLPs: Maine Public Employees Retirement System, Michigan Municipal Employees' Retirement System201013.1%1.76x1.76x
KKR Mezzanine PartnersLPs: Tulare County Employees' Retirement Association20106.5%1.46x0.01x
KKR Mezzanine6LPs: Imperial County Employees' Retirement System20105.3%1.55x1.42x
KKR E2 Investors (Euro 2 Annex Fund)LPs: Oregon Public Employees Retirement System2009-2.9%0.91x0.91x
KKR E2 Investors, L.P.LPs: Washington State Investment Board2009-2.9%0.90x0.91x
KKR European Fund III LPLPs: Oregon Public Employees Retirement System, California Public Employees' Retirement System, Florida State Board of Administration +1 more200811.1%1.63x1.61x
KKR European Fund III, L.P. - USDLPs: Washington State Investment Board200811.0%1.60x1.55x
KKR 2006 Co-Investment FundLPs: Oregon Public Employees Retirement System200715.3%2.23x2.23x
KKR Asian Fund, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System, Oregon Public Employees Retirement System +2 more200713.6%1.70x1.69x
KKR 2006 Fund, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, Empire State Development – New York Ventures +8 more20069.8%1.87x1.87x
KKR European Fund II, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, California Public Employees' Retirement System +3 more20054.8%1.32x1.32x
KKR European Fund II, LP*LPs: Empire State Development – New York Ventures20051.25x1.25x
KKR Millennium Fund, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, Empire State Development – New York Ventures +4 more200216.4%1.84x1.84x
KKR Millennium Fund, LP*LPs: Empire State Development – New York Ventures20011.81x1.81x
KKR European Fund, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, California Public Employees' Retirement System +1 more199919.7%2.10x2.05x
KKR 1996 Fund, LPLPs: Washington State Investment Board, Oregon Public Employees Retirement System, Connecticut Retirement Plans and Trust Funds +2 more199713.2%1.60x1.62x
KKR 1993 FundLPs: Oregon Public Employees Retirement System, Washington State Investment Board199316.7%1.66x1.66x
KKR 1987 FundLPs: Oregon Public Employees Retirement System, Washington State Investment Board19878.8%1.66x1.66x
KKR 1986 FundLPs: Oregon Public Employees Retirement System, Washington State Investment Board198626.3%4.55x4.55x
KKR Beatrice, L.P.LPs: Washington State Investment Board198643.2%3.60x3.58x
KKR Red Lion, L.P.LPs: Washington State Investment Board198510.1%3.30x3.29x
KKR 1984 Fund, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System198429.2%4.40x4.42x
KKR DAW, L.P.LPs: Washington State Investment Board198413.1%3.00x2.98x
KKR 1982 Fund, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board198339.7%3.30x3.30x
KKR 1980 Related FundLPs: Oregon Public Employees Retirement System198122.5%3.44x3.44x
KKR GLOBAL INFRA IV USD SCSPLPs: New York City Board of Education Retirement System0.98x
KKR GLOBAL INFRASTRUCTURE IIILPs: New York City Board of Education Retirement System1.23x
KKR GLOBAL INFRASTRUCTURE INVELPs: New York City Board of Education Retirement System1.32x
KKR NA FUND XIII SCSPLPs: New York City Board of Education Retirement System1.13x
KKR NYC CREDIT C LPLPs: New York City Board of Education Retirement System6.7%1.22x0.14x
KKR RE CREDIT OPP PRNTS AGG ILPs: New York City Board of Education Retirement System0.89x
KKR RE PRTNERS EUR II USD SCSPLPs: New York City Board of Education Retirement System0.91x
KKR RE SEC DISLOC OPP COINVESTLPs: New York City Board of Education Retirement System0.61x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Kohlberg Kravis Roberts made?
Kohlberg Kravis Roberts has 20 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does Kohlberg Kravis Roberts invest at?
Kohlberg Kravis Roberts invests at the Growth, Late Stage stages.
What sectors does Kohlberg Kravis Roberts focus on?
Kohlberg Kravis Roberts focuses on Sector Agnostic.
Where is Kohlberg Kravis Roberts located?
Kohlberg Kravis Roberts is headquartered in New York, US.
Who does Kohlberg Kravis Roberts co-invest with?
Kohlberg Kravis Roberts most often shares deals with Aea Investors, Mundi Ventures, OneRagtime, among 43 tracked co-investors.

From the blog

visit blog ↗

KKR has recently published analysis on a shifting investment landscape characterized by narrower public asset-class returns but wider performance dispersion, elevated importance of manager selection in private equity and private markets, and a 'Divergence Conundrum' where economic growth and capital flow concentrate unevenly across sectors and regions. AI summary

Media · Podcasts & interviews

featuring the team

Henry Kravis, Kohlberg Kravis Roberts & Co.

PartnerConnectEvents · Henry Kravis

Here's the Deal | Biotage

KKR

Here's the Deal | Karo Healthcare

KKR

Dining In at KKR | Understanding KKR's Real Assets Business

KKR

Dining In at KKR | Inside KKR's Infrastructure Business

KKR

Here's the Deal | Viridor

KKR

Images

Kohlberg Kravis Roberts photoKohlberg Kravis Roberts photoKohlberg Kravis Roberts photoKohlberg Kravis Roberts photoKohlberg Kravis Roberts photoKohlberg Kravis Roberts photo

Co-investors · 77

Lead Edge Capital

Lead Edge Capital is a growth equity firm managing $9 billion in assets, investing in software, internet, and tech-enabled businesses.

Both backed · 1
$50M – $400M
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

$4.4M – $214M
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

$30M
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
Founders Fund

Founders Fund is a venture capital firm that backs technology companies building transformative products.

$500K – $5M
Craft Ventures

Craft Ventures is a venture capital firm run by a team of former founders, operators, and investors who partner closely with founders to help build and scale technology companies.

$50K – $50M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$1.6M – $70M
Khosla Ventures

Khosla Ventures is a venture capital firm founded by Vinod Khosla.

$5K – $50M
Greylock Partners

Greylock Partners is an early-stage venture capital firm that partners with founders building companies from inception. Its partners make only one or two new investments per year to focus deeply on each partnership.

$100K – $200M
New Enterprise Associates (NEA)

New Enterprise Associates (NEA) is a venture capital firm that invests in and provides long-term support to founders building new companies.

$200K – $40M
Index Ventures

Index Ventures is a multi-stage venture capital firm that backs companies from Seed to IPO and beyond, including through its dedicated seed fund Index Origin.

$540K – $10.8M
65 more co-investors

Redpoint VenturesLong Journey VenturesNotable CapitalBenchmarkFelicis VenturesSV AngelFirst Round CapitalKleiner PerkinsMenlo VenturesDCVC (Data Collective)Spark CapitalTrue VenturesSound VenturesIVP (Institutional Venture Partners)DST GlobalUnion Square Ventures (USV)Tiger Global ManagementEniac VenturesMayfield FundSlow VenturesInnovation EndeavorsAccel-KKRKapor CapitalAdditionCota CapitalFloodgateSouth Park CommonsAbstract VenturesLowercase CapitalPoint NineHanabi CapitalCreandumBlockchain CapitalTq Ventures LlcGlobal Founders CapitalSpeedinvestBetaworks Ventures Management, LlcTenaya CapitalPelion Venture PartnersDigital Currency Group8-Bit CapitalBaseline VenturesCherry VenturesTransmedia CapitalHeartcore CapitalUpside PartnershipMONASHEESPrefix CapitalNGP CapitalZ47Marcy Venture PartnersPropeller VCPhoenix CourtSmash CapitalCyfrinTrust FundLearn CapitalWestern Technology InvestmentGSR VenturesAnsa CapitalLumia CapitalTalis CapitalGigafundKatapult AfricaElkstone Capital Partners

Firms observed investing alongside Kohlberg Kravis Roberts, from public investor directories. Shared companies are the overlap with Kohlberg Kravis Roberts's recorded portfolio.

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